Past Event

Europe and the governance of global finance

The European Union (EU) has emerged as a central actor in financial governance. Hardly any corner of European financial markets remains untouched by EU rules, and key regulatory competences have been shifted from national authorities to supranational ones. At the same time, the global context has become ever more important for how and to what […]

Date: Jul 1 - Topic: Finance & Financial Regulation

The European Union (EU) has emerged as a central actor in financial governance. Hardly any corner of European financial markets remains untouched by EU rules, and key regulatory competences have been shifted from national authorities to supranational ones. At the same time, the global context has become ever more important for how and to what effect the EU regulates its financial markets. On the one hand, EU policymaking is embedded in global initiatives such as the Basel Committee on Banking Supervision. On the other hand, the EU is increasingly able to shape global rules.

A new book Europe and the Governance of Global Finance charts and analyses the centrality of the European-global link in financial governance. Its chapters, written by experts in the specific fields, cover the breadth of financial markets, ranging from banking, auditing and accounting to derivatives trading, money laundering and tax governance. This book covers (1) how and why global and European financial governance have co-evolved over time, (2) how global and European rules, institutions and actors are linked today, and (3) what this implies for future global and European financial governance.

During this event, which coincides with the launch of the book, we will hear from the author and other experts involved in the project as well as views from European policy makers to discuss global financial governance and the roles of Europe, the U.S. and the G20. The event will include a discussion of the pre and post crisis shift in commitment to global harmonization as well as the way in which global re-regulatory efforts have interacted with intra-European developments, in particular, the banking union.

Speakers

  • Daniel Mügge, Department of Political Science, University of Amsterdam
  • Niamh Moloney, Professor, London School of Economics
  • Almoro Rubin de Cervin, Deputy Head of Unit, Financial Services Policy, Relations with the Council
  • Chair: Karen Wilson, Senior Fellow, Bruegel

About the speakers

Daniel Mügge is a political economist and associate professor (UHD) at the political science department of the UvA. His research concentrates on finance and its governance. His new project Fickle Figures analyses the political economy behind the calculation of macroeconomic indicators. In 2009, Daniel’s dissertation on European financial markets was honoured with the ECPR Jean Blondel prize as best European political science dissertation of the year. He spent the first half of 2012 as a visiting scholar at the Center for European Studies at Harvard University and will return there for a year in the summer of 2014. He is currently involved in several other international research projects concentrating on global financial governance and the financial crisis. Daniel is also lead-editor of the Review of International Political Economy.

Professor Niamh Moloney joined the Law Department of the London School of Economics in January 2009. Previously she was Professor of Capital Markets Law at the University of Nottingham and Reader in Law at Queen’s University Belfast and held lectureships at the University of Nottingham and University College London. She is a graduate of Trinity College Dublin (LLB) and Harvard Law School (LLM). Her primary research interests are EU financial services law (she is the author of the first book on the EU’s regulation of financial markets, EC Securities Regulation (Oxford University Press, second edition, 2008)) and retail investor protection. She is also a Research Associate of the European Corporate Governance Institute and a Fellow (Household Finance) of the Centre for Financial Studies, Frankfurt.

Mr. Rubin de Cervin graduated in economics from the Bocconi University in Milan.

He joined the European Commission in 2000. Prior to that he worked as a government official at the OECD in Paris, and in Italy. He also has experience as a journalist and politician.

Since joining the Commission, he has worked in DG Enterprise on industrial policies and SMEs, and in DG Competition, in particular, in the area of State aid control.

In 2010 joined the Financial Services Policy unit of DG MARKT. As Deputy Head of Unit, he is responsible in particular for inter-institutional aspects (relations with the ECOFIN Council), Single Market issues, SMEs, long-term finance and the coordination of the EU/US Financial Markets Regulatory Dialogue.

Practical details

  • Venue: Bruegel, Rue de la Charité 33, 1210 Brussels
  • Time: Tuesday 1 July 2014, 8.15-10.00 (Breakfast will be served at 8.15 after which the event begins at 8.30)
  • Contact: Matilda Sevón, Events Manager – [email protected]
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